News

Law firms' new competition is small, fast, cheap, and AI-driven — and it's not a law firm at all
Zach Posner, the investor who correctly called the legal tech boom in 2019, says a new breed of legal services is coming.
Is This $3 Billion Law Firm the Most Resilient in the World?
With capital equivalent to nearly 14% of annual revenue and no long-term debt, this firm is surely one of the ...
Democratic lawmakers say EEOC chair aided law firm 'shakedown' by Trump
Democratic lawmakers on Wednesday asked the acting chair of the U.S. Equal Employment Opportunity Commission for information ...
As Big Law Becomes 'More Capital Intensive,' Law Firms Use Wide Range of Partner Contribution Plans
Some of the largest firms said they require roughly half of new equity partners’ annual pay (or more), while some firms say ...
It's illegal in most states for private equity to buy a law firm. Lawyers have figured out a workaround.
Legal ethics rules largely bar non-lawyers from owning law firms. MSOs offer a chance to get around that rule.
Democrats launch investigation into EEOC’s probes of major law firms
A coalition of Democratic lawmakers demanded the Equal Employment Opportunity Commission (EEOC) turn over documents relating to its “sham investigation” of several major law firms’ hiring ...